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Peng Company is considering buying a machine that will yield income of $3,300 and net cash flow of $18,700 per year for three years The

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Peng Company is considering buying a machine that will yield income of $3,300 and net cash flow of $18,700 per year for three years The machine costs $55,200 and has on estimated $9,000 salvage value. Compute the accounting rate of retum for this investment

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